Settings8H · net · $10k
Funding arb · Price arb /

EWY

RWAall EWY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%
Price spread now: Polymarket Perps against Orderly−0.058%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.058% cheaper against Orderly than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_EWY_USDC_mythos190.520.0100pay 0.0100% / 8h4h 36m$2K$1K20x
ShortPolymarket Perps EWY-USD190.410.0050get 0.0006% / 1h36m 33s$4K$12620x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$10.5
Price spread: −0.058% → 0.000%
−$5.77
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$30.27
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Orderly: no order-book sample; Polymarket Perps: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Polymarket Perps no order-book sample
Orderly and Polymarket Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

EWY on 30 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit EWYUSDT0.0000%8h190.64+0.063%$5.2M$4.2M100xas long as short
Gate EWY_USDT0.0000%8h190.64+0.063%$4.2M$3.8M50xas long as short
GRVT EWY_USDT_Perp0.0000%8h190.69+0.090%$754K$394K10xas long as short
SunX EWY-USDT0.0000%8h190.44−0.042%$2.5M20xas long as short
HTX EWY-USDT0.0000%8h190.72+0.105%$22K$35K20xas long as short
Phemex EWYUSDT0.0000%8h190.60+0.042%$1.7M$37K10xas long as short
Lighter EWY+0.0032%1h190.40−0.063%$386K$39K20xas long as short
Coinbase International EWY-PERP-INTX+0.0040%1h190.57+0.026%$531K$304K20xas long as short
Bitget EWYUSDT+0.0043%8h190.60+0.042%$2.7M$2.0M20xas long as short
Vest EWY-USD-PERP+0.0046%1h190.74+0.115%$220K25xas long as short
Show all 30 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Popdex EWYUSDT+0.0048%1h190.61+0.047%$198K$146K20xas long as short
tradeXYZ xyz:EWY+0.0050%1h190.51−0.005%$6.2M$13.9M20xas long as short
Entropy io:EWY+0.0050%1h190.44−0.042%$46K$59K25xas long as short
Polymarket Perps EWY-USDshort+0.0050%1h190.41−0.058%$4K$12620x
SoDEX EWY-USD+0.0050%1h190.56+0.021%$748$4K10xas long as short
Ondo Perps EWY-USD.P+0.0050%1h190.60+0.042%$201K$268K10xas long as short
Paradex EWY-USD-PERP+0.0054%8h190.60+0.042%$235xas long as short
OKX EWY-USDT-SWAP+0.0059%8h190.61+0.047%$4.1M$3.3M50xas long as short
Aster EWYUSDT+0.0077%8h190.54+0.010%$295K$12K20xas long as short
KuCoin EWYUSDTM+0.0100%8h190.45−0.037%$982K$623K20xas long as short
ApeX Omni EWYUSDT+0.0100%1h190.54+0.010%$13K$265K50xas long as short
Orderly PERP_EWY_USDC_mythoslong+0.0100%8h190.52long leg$2K$1K20x
Variational Omni EWY+0.0123%8h190.65+0.068%$1.2M$1.1Mas long as short
Binance EWYUSDT+0.0151%8h190.61+0.047%$28.5M$76.5M50xas long as short
Extended EWY_24_5-USD+0.0152%1h190.57+0.026%$301K$669K10xas long as short
MEXC EWY_USDT+0.0152%8h190.62+0.052%$6.5M$3.9M100xas long as short
BloFin EWY-USDT+0.0154%8h190.57+0.026%$48K$214K50xas long as short
Hotstuff EWY-PERP+0.0208%1h190.520.000%$29K$12K20xas long as short
Deribit EWY_USDC-PERPETUAL+0.0380%1h190.56+0.021%$2K$13K20xas long as short
edgeX EWYUSDC+0.0428%4h190.520.000%$427K$283K20xas long as short